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Shrimp

Major acquisition in the shrimp genetic market

SyAqua acquired Primo Broodstock which will bolster SyAqua’s portfolio and open new market opportunities.

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Source: SyAqua
July 11, 2024

SyAqua Group acquired Primo Broodstock USA, a company that has been known for its pioneering work in the development of Specific Pathogen Free (SPF) and disease-tolerant genetic lines. The acquisition aims to not only bolster SyAqua existing portfolio but also pave the way for new market opportunities, and most importantly, to protect its strain security with another genetic nucleus and broodstock multiplication facility in the USA.

Primo has been the first to leverage SPF populations out of Ecuador to address disease challenges in major markets like Mexico and China. “This acquisition allows us to tap into robust and well-established genetic resources while significantly expanding our US genetic nucleus and broodstock multiplication facilities,” SyAqua said in a press release.

With Primo's integration, SyAqua now has the potential to tap new genetic stocks developed over years of selective breeding for disease tolerance. This strategic move opens potential for more innovative selection strategies that will bring its customers enhanced performance even in the most challenging production environments.

The company anticipates a significant increase in supply of its US broodstock production capacity by the end of 2024, targeting potential production of more than 230,000 broodstock per year. “This acquisition will enhance our ability to meet the growing demand in major shrimp-producing markets,” the company said.

SyAqua Americas continues to refine its biofloc-based raceway production technologies, known for efficiency and superior broodstock. This expansion, coupled with new state of the art packing lines, will ensure stringent environmental control and top-notch product quality.

“Our long-term commitment to balanced genetic selection programs remains unwavering. We have consistently delivered some of the highest-performing broodstocks globally. The acquisition of Primo enriches our genetic resources, aligning with our vision of business sustainability and our commitment to managing the environmental impact of the blue economy, particularly in Asian shrimp farming,” the company said. “Furthermore, our alliance with Ocean 14 Capital Fund strengthens our dedication to sustainable practices and innovative solutions in aquaculture.”